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2009 Forecast

By
Real Estate Agent with RE/MAX ACCESS

The first Monday morning of the year was the annual housing forecast as I have done for many years.  I spent the morning hearing that we didn't end the year as well as we expected and that we had many more months before we are through this tough part of our economy.  The amazing part was how well the San Antonio MSA (Metropolitan Statistical Area) is doing in comparison to the rest of the country.  We are in the top ten of almost all of the good lists and the bottom ten of the bad lists.  We are still showing market growth.  Our market saturation is still at an acceptable level.  Some of our numbers are frustrating after the last few years, but the summation agreed with what our last lunch speaker said - if there are no more surprises, we should be having Happy Holidays next year!  All the speakers Monday alluded to similar themes as Gary Moon from Wayland had - our attitudes are the most important part of our recovery.  There is enough money in the economy, our area is diversified and working hard at creating a stable and solid foundation for further growth that even if our indicators dip into the negative in the next few months, it will only be for a quarter at most.  If we continue to keep our attitudes positive, we will end this year in much better condition than the previous two years.  We need to push forward, stay positive and continue the work to grow responsibly.

I am on my way to a ribbon cutting of another agent that I admire.  He has kept building commercial projects, working with the city has kept them full and has seen little impact from the slower economy other than having to put more of his own money into his projects. 

To those in San Antonio, now is a great time to buy and to those from other area, now is a great time to buy in the San Antonio area.  The low cost of funds and great pricing, we are poised for a great end to 2009!

This will be a great year.

Comments (1)

Carl Winters
Canyon Lake, TX

Pat I just now came across your 2009 Forecast, I like it and I am in agreement. Real estate is selling and people are willing to buy and they have many nice homes t choose from. Thanks for an informative blog. I'll send you an invite to join our group and hope you will.

Jan 19, 2009 12:15 PM